Amotiv Limited Stock Market Value
| AOV Stock | 5.25 0.02 0.38% |
| Symbol | Amotiv |
Amotiv 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Amotiv's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Amotiv.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Amotiv on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Amotiv Limited or generate 0.0% return on investment in Amotiv over 180 days. Amotiv is related to or competes with Cannara Biotech, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Amotiv is entity of Canada. It is traded as Stock on TO exchange. More
Amotiv Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Amotiv's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Amotiv Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.82 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.14 |
Amotiv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amotiv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amotiv's standard deviation. In reality, there are many statistical measures that can use Amotiv historical prices to predict the future Amotiv's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.43) |
Amotiv Limited Backtested Returns
Amotiv Limited secures Sharpe Ratio (or Efficiency) of -0.0888, which signifies that the company had a -0.0888% return per unit of risk over the last 3 months. Amotiv Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amotiv's Risk Adjusted Performance of (0.06), standard deviation of 1.84, and Mean Deviation of 1.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amotiv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amotiv is expected to be smaller as well. At this point, Amotiv Limited has a negative expected return of -0.16%. Please make sure to confirm Amotiv's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Amotiv Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Amotiv Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Amotiv time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Amotiv Limited price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Amotiv price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Amotiv Limited lagged returns against current returns
Autocorrelation, which is Amotiv stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Amotiv's stock expected returns. We can calculate the autocorrelation of Amotiv returns to help us make a trade decision. For example, suppose you find that Amotiv has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Amotiv regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Amotiv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amotiv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amotiv stock over time.
Current vs Lagged Prices |
| Timeline |
Amotiv Lagged Returns
When evaluating Amotiv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amotiv stock have on its future price. Amotiv autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Amotiv autocorrelation shows the relationship between Amotiv stock current value and its past values and can show if there is a momentum factor associated with investing in Amotiv Limited.
Regressed Prices |
| Timeline |
Pair Trading with Amotiv
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amotiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amotiv will appreciate offsetting losses from the drop in the long position's value.Moving against Amotiv Stock
| 0.86 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.86 | FFH | Fairfax Financial | PairCorr |
| 0.84 | RY-PS | Royal Bank | PairCorr |
| 0.82 | BMO | Bank of Montreal | PairCorr |
| 0.81 | Y | Yellow Pages Limited | PairCorr |
The ability to find closely correlated positions to Amotiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amotiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amotiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amotiv Limited to buy it.
The correlation of Amotiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amotiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amotiv Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amotiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Amotiv Stock
Amotiv financial ratios help investors to determine whether Amotiv Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Amotiv with respect to the benefits of owning Amotiv security.